SejongWisdomKeeper
Mon Jul 08 2024
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5 answers
1352
Are exchangers money transmitters?
In the realm of cryptocurrency and finance, a pertinent question often arises: Are exchangers considered money transmitters? The term "money transmitter" typically refers to a business or individual that engages in the transmission of money or monetary value from one person to another, often as a service. Given the nature of cryptocurrency exchanges, which facilitate the buying, selling, and transfer of digital assets, one may wonder if they fall within this legal definition. It's crucial to understand this distinction as it has implications for regulatory compliance and the legal status of these platforms. Therefore, the question begs: Are exchangers indeed classified as money transmitters, and if so, what are the legal requirements they must adhere to?
Margherita
Sun Jun 09 2024
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6 answers
929
How to send money online in Brazil?｜. Such money transmitters work well for US-based parties sending little amounts. Through these services, you can have a money transfer directly to the recipient account or available as cash pickup in Brazil.Western Union and Wise work are some of the money transfer services available in Brazil
How does one effectively send money online in Brazil? Could you explain the process? I'm particularly interested in how it works for smaller sums being sent from the United States. Do these services allow for direct transfers into the recipient's account? Or, are there options for the money to be collected as cash in Brazil? Can you name a few of the money transfer services that are available in Brazil, perhaps something like Western Union or Wise?
